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07 November 2012

As previously indicated, weakness expected here. Limit sell order at the neckline at 1.2850 filled earlier today on post-US election Risk On rally.

Not much more to say as previous post on this was made just 2 days ago. Analysis unchanged. Except perhaps that sharp reversal from 1.2875 today is a good sign for EUR bears (now at 1.2765) ie even more confident now of the bearish view.

Target 1.2580 based on daily chart. If this is met, then will re-assess the weekly chart to see if there is more to go. Monthly still clueless.